Page:United States Statutes at Large Volume 75.djvu/1144

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[75 Stat. 1104]
[75 Stat. 1104]
PUBLIC LAW 87-000—MMMM. DD, 1961

1104

PROCLAMATION 3431—SEPT. 18, 1961

are unduly burdening and restricting the foreign trade of the United States of America; 10. WHEREAS, the period for the exercise of the authority of the President to enter into foreign-trade agreements under section 350 of the Tariff Act of 1 USC 1351. 9 1930, as amended, having been extended by section 2 of the Trade Agreements 1 USC 1 5 note. Extension Act of 1958 (72 Stat. 673) until 9 32 the close of June 30, 1962, as a result of the findings set forth in the ninth recital of this proclamation and for the purpose of restoring the general level of reciprocal and mutually advantageous concessions in the General Agreement by the replacement therein of other concessions, I, through my duly authorized representative, on September 15, 1961, entered into a foreign trade agreement consisting of an agreement, including a schedule, between the Kingdom of Sweden and the United States of America supplementary to the General Agreement, a copy of which supplementary agreement is annexed to this proclamation: 11. WHEREAS the agreement specified in the tenth recital of this proclamation provides that the treatment provided for in the schedule annexed thereto shall be applied by the United States of America on and after October 18, 1961; 12. WHEREAS I find that the compensatory modifications provided for in the trade agreement specified in the tenth recital of this proclamation constitute an appropriate action toward. maintaining the general level of reciprocal and mutually advantageous concessions in the General Agreement, that the purpose set forth in the said section 350, as amended, will be promoted by such compensatory modifiactions of existing duties and other import restrictions and continuance of existing customs or excise treatment as are set forth and provided for in the trade agreement specified in the tenth recital of this proclamation and that such modifications of existing duties and other im-

[75 STAT.